Community Based Partnership
A Community Based Partnership Model is where a local government or public utility aggregates multiple improvement projects together into single, integrated procurement, creating one point of private sector accountability for linear type projects that support environmental, social and governance goals for a community through-out its lifecycle. It uses a performance-based contract, linking the partner’s payment to specific, measurable goals. The private partner assumes both short and long-term budget and schedule risks, incentivizing best value and a whole life compliance solution. The public sector can also require its private partner to achieve specific Key Performance Indicators to create jobs and engage with minority and women owned enterprises to create resilience solutions that create green space and achieve other community and economic development goals. Additionally, the private partner can also source best fit capital to invest “at risk” portion of development work to provide an earlier start to a program which the government partner can refinance with lower cost of capital upon completion and certification of the projects that make up the program.
Tulsa Metropolitan Utility Authority
The Tulsa Metropolitan Utility Authority (TMUA) initiated a Utility Enterprise Initiative that incorporates governance and strategic management improvements. The completed first phase identified asset management as a key element to drive prioritization of the capital improvements program, as well as better operations and maintenance optimization. As part of the second phase of the Utility Enterprise Initiative, Black & Veatch is leading the implementation of the asset management program.
TMUA provides water and sewerage services to more than 500,000 people in and around Tulsa, Oklahoma. The Utility Enterprise Initiative incorporates governance and strategic management improvements, performance management, operations optimization, and asset management system improvements.
Services provided by Black & Veatch include the following:
Gap analysis – Initial assessment of TMUA’s current asset management approach used PAS 55, resulting in an improvement roadmap. Assessment was updated one year later using ISO 55001.
Asset management framework development – This included the development of asset management policy, strategy and objectives.
Capital prioritization – Our processes and tools are being used to prioritize projects in the capital improvement plan (CIP) and assess overall reduction in risk.
Operational optimization – Assessed operations at the City of Tulsa’s wastewater treatment plant and identified areas for potential efficiency improvements.
Financial analysis – Assisted the city with rate studies and cost of service analysise.
As part of the second phase of the Utility Enterprise Initiative, Black & Veatch is leading the implementation of the asset management program.